30 Jun '14, 6am

Plastic costs the environment $75 billion each year, report says

Plastic costs the environment $75 billion each year, report says

Consumer goods companies are costing the environment $75 billion per year through their use of plastics, revealed a report released last week. "Valuing plastic ", the report from the Plastic Disclosure Project, the U.N. Environment Programme and natural capital analysts Trucost, evaluates the environmental and social impact of plastics used by businesses. It assesses the financial cost to companies were they to be financially responsible for their plastics usage. The food sector accounted for 23 percent of this financial cost, which the report calls the natural capital cost, with the soft drinks industry following a distant second at 12 percent. Natural capital costs incurred by plastics came from a variety of sectors. Over 30 percent of the costs stemmed directly from greenhouse gas emissions produced upstream through the extraction of raw materials and manufacturing of p...

Full article: http://www.greenbiz.com/blog/2014/06/29/plastic-costs-env...

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